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BUSINESS IN SHORT

Banks revise their GDP outlooks

SLOVAKIA’S banks have revised their prognosis for the country’s economic growth in 2013 from an average of 2.4 percent, predicted in August, to 2.2 percent, according to a survey among their analysts carried out by the National Bank of Slovakia (NBS), the country’s central bank.

SLOVAKIA’S banks have revised their prognosis for the country’s economic growth in 2013 from an average of 2.4 percent, predicted in August, to 2.2 percent, according to a survey among their analysts carried out by the National Bank of Slovakia (NBS), the country’s central bank.

Earlier this month the Finance Ministry and the NBS also reduced their GDP predictions for 2013, the SITA newswire reported.

Bank analysts left their average prognosis for this year’s GDP growth unchanged, at 2.2 percent. In the third quarter of this year growth in Slovakia’s economy is expected to fall to 1.9 percent compared with the 2.8-percent growth reported in the second quarter.

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